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Ilana Weinstein Ilana Weinstein is the founder of The IDW Group, which focuses on recruiting investment talent for all kinds of investment strategies. We asked Weinstein about the biggest trends in the hedge-fund business and how to get a senior-level job today. Here’s her best advice for recent college graduates looking to land jobs at […]
ARTIFICIAL intelligence (AI) has already changed some activities, including parts of finance like fraud prevention, but not yet fund management and stock-picking. That seems odd: machine learning, a subset of AI that excels at finding patterns and making predictions using reams of data, looks like an ideal tool for the business. Yet well-established “quant” hedge […]
Paramount Pictures Hedge funds are neglecting to protect against the downside in stocks, with one hedging gauge sitting close to the lowest in five years. These funds are also seeing a near-record concentration in a small group of outperforming tech stocks, showing a lack of diversification. The top five stock holdings among hedge funds right now […]
Paramount Pictures Hedge funds are neglecting to protect against the downside in stocks, with one hedging gauge sitting close to the lowest in five years. These funds are also seeing a near-record concentration in a small group of outperforming tech stocks, showing a lack of diversification. The top five stock holdings among hedge funds right now […]
Ilana Weinstein Ilana Weinstein is the founder of The IDW Group, which focuses on recruiting investment talent for all kinds of investment strategies. We asked Weinstein about the biggest trends in the hedge-fund business and how to get a senior-level job today. Here’s her best advice for recent college graduates looking to land jobs at […]
Russell Boyce/Reuters Tourbillon Capital is a $ 3.4 billion New York hedge fund led by Jason Karp. Karp has been warning of “frothy speculation,” in the markets and has been preaching patience. The firm’s flagship fund is down more than 10% for the year to November 17. Tourbillon Capital, a $ 3.4 billion hedge fund firm led […]
Republican lawmaker Kevin Brady introduced an amendment that would alter a long-standing tax provision called carried interest — and could raise taxes on Wall Street managers that keep holdings for less than three years. Brady said the change would prevent hedge-fund managers from taking advantage of the tax benefit, but they aren’t the Wall Streeters using it. […]
Reuters / Lucas Jackson Hedge fund Light Sky Macro launched earlier this year, with the backing of Steve Cohen, Dan Loeb and a number of other hedge fund managers. The fund had a rough start but is now in positive territory. The fund was started by Ben Melkman, a former partner at Brevan Howard. […]
Baupost’s Seth Klarman, one of Wall Street’s most respected investors, says investors are asking “Why sell?” when really they should be asking “How can I afford not to?” He made the comments in a private letter to clients as the stock market continues to rage on to historic highs. Baupost is holding roughly 40% […]
REUTERS/Danny Moloshok David Einhorn’s Greenlight Capital told clients that Tesla’s stock should be performing much worse than it is. That’s according to an October 24 client letter reviewed by Business Insider. “Tesla had an awful quarter both in its current results and future prospects,” falling 6%, Greenlight wrote. “We believe it deserved much worse.” Greenlight threw […]
